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A Alex Pietrangelo buyout spans 6 years, has a cost of $11,533,333 and savings of $5,766,667. Pietrangelo is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $17,300,000 in salary remaining, the cost is $11,533,333, and the savings are $5,766,667. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
| BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
|---|---|---|---|---|---|---|---|---|---|
| Jun. 15, 2024 | $17,300,000 | $14,000,000 | 3 | 6 | 34 | 2/3 | $11,533,333 | $5,766,667 | $1,922,222 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( VGK) |
| 2024-25 | $4,500,000 | $8,800,000 | $8,000,000 | $1,922,222 | $9,922,222 | $2,577,778 | $6,222,222 |
| 2025-26 | $4,000,000 | $8,800,000 | $6,000,000 | $1,922,222 | $7,922,222 | $2,077,778 | $6,722,222 |
| 2026-27 | $8,800,000 | $8,800,000 | $0 | $1,922,222 | $1,922,222 | $6,877,778 | $1,922,222 |
| 2027-28 | $0 | $0 | $0 | $1,922,222 | $1,922,222 | -$1,922,222 | $1,922,222 |
| 2028-29 | $0 | $0 | $0 | $1,922,222 | $1,922,222 | -$1,922,222 | $1,922,222 |
| 2029-30 | $0 | $0 | $0 | $1,922,222 | $1,922,222 | -$1,922,222 | $1,922,222 |
| TOTAL | $17,300,000 | $26,400,000 | $14,000,000 | $11,533,333 | $25,533,333 | $5,766,667 | $20,633,332 |
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